FASSITEX: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
FASSITEX
Largest movements
- Receivables within one year -€50,922
down €50,922 (-90.6%), from €56,222 to €5,300
of which Trade receivables: -€55,797
- Tangible fixed assets +€3,130
up €3,130 (+255.2%), from €1,226 to €4,356
- Stocks and contracts -€1,180
down €1,180 (-2.7%), from €44,500 to €43,320
- Other debts -€34,171
no longer reported in 2025 (was €34,171)
- Trade debts -€7,881
down €7,881 (-56.0%), from €14,076 to €6,195
- Current portion of long-term debt -€6,359
down €6,359 (-27.7%), from €22,987 to €16,628
- Short-term financial debts -€2,595
down €2,595 (-34.6%), from €7,496 to €4,902
- Tax, wage and social debts +€1,528
up €1,528 (+88.4%), from €1,728 to €3,256
- Staff costs -€10,804
down €10,804 (-99.5%), from €10,855 to €51
- Gross operating margin -€6,574
down €6,574 (-46.7%), from €14,064 to €7,490
- Depreciation +€2,870
new in 2025: €2,870
- Financial charges +€1,935
up €1,935 (+198.3%), from €976 to €2,911
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €110,424 | €61,609 | -€48,815 | -44.2% |
| Fixed assets | 21/28 | €9,701 | €12,831 | +€3,130 | +32.3% |
| Tangible fixed assets | 22/27 | €1,226 | €4,356 | +€3,130 | +255.2% |
| Furniture and vehicles | 24 | €1,226 | €4,356 | +€3,130 | +255.2% |
| Financial fixed assets | 28 | €8,475 | €8,475 | = | 0.0% |
| Current assets | 29/58 | €100,722 | €48,778 | -€51,944 | -51.6% |
| Stocks and contracts in progress | 3 | €44,500 | €43,320 | -€1,180 | -2.7% |
| Stocks | 30/36 | €44,500 | €43,320 | -€1,180 | -2.7% |
| Amounts receivable within one year | 40/41 | €56,222 | €5,300 | -€50,922 | -90.6% |
| Trade receivables | 40 | €55,797 | - | -€55,797 | |
| Other amounts receivable | 41 | €426 | €5,300 | +€4,874 | +1145.5% |
| Deferred charges and accrued income | 490/1 | - | €158 | +€158 | |
| Total equity and liabilities | 10/49 | €110,424 | €61,609 | -€48,815 | -44.2% |
| Equity | 10/15 | €29,966 | €30,628 | +€662 | +2.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,506 | €10,168 | +€662 | +7.0% |
| Amounts payable | 17/49 | €80,458 | €30,981 | -€49,477 | -61.5% |
| Amounts payable within one year | 42/48 | €80,458 | €30,981 | -€49,477 | -61.5% |
| Current portion of amounts payable after more than one year | 42 | €22,987 | €16,628 | -€6,359 | -27.7% |
| Financial debts | 43 | €7,496 | €4,902 | -€2,595 | -34.6% |
| Credit institutions | 430/8 | €7,496 | €4,902 | -€2,595 | -34.6% |
| Trade debts | 44 | €14,076 | €6,195 | -€7,881 | -56.0% |
| Suppliers | 440/4 | €14,076 | €6,195 | -€7,881 | -56.0% |
| Taxes, remuneration and social security | 45 | €1,728 | €3,256 | +€1,528 | +88.4% |
| Taxes | 450/3 | €1,728 | €3,256 | +€1,528 | +88.4% |
| Other amounts payable | 47/48 | €34,171 | - | -€34,171 | |
| Remuneration, social security and pensions | 62 | €10,855 | €51 | -€10,804 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €2,870 | +€2,870 | |
| Other operating charges | 640/8 | €653 | €736 | +€84 | +12.8% |
| Gross operating margin | 9900 | €14,064 | €7,490 | -€6,574 | -46.7% |
| Operating profit (loss) | 9901 | €2,556 | €3,833 | +€1,277 | +49.9% |
| Financial charges | 65/66B | €976 | €2,911 | +€1,935 | +198.3% |
| Recurring financial charges | 65 | €976 | €2,911 | +€1,935 | +198.3% |
| Profit (loss) for the period before taxes | 9903 | €1,580 | €922 | -€659 | -41.7% |
| Income taxes | 67/77 | €203 | €259 | +€56 | +27.8% |
| Profit (loss) for the period | 9904 | €1,377 | €662 | -€715 | -51.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,377 | €662 | -€715 | -51.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.